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28 May 2012

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UK-based realtor DTZ posts 2008/9 loss but sees profitability ahead

International property adviser DTZ posted a loss of nearly £80m for the fiscal year to end-April due to significant difficulties from the global economic crisis, Chairman Tim Melville-Ross told the annual meeting in London. Revenue fell 18.4% to £364m, and DTZ incurred restructuring costs of £17m, with an impairment charge of £27m. However he said DTZ continues to make progress to regain profitability.

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